"Frankly, I thought somebody would jump on site quicker than they have," says Jim Maxwell of J. Douglas Maxwell & Assoc., which is marketing the property for the owner, who lives in Montana. "At any rate, we are ready whenever they are."

Maxwell tells GlobeSt that that asking price of $672,000 an acre is justified because of its visibility from I-5 combined with its location north of the intersection with Interstate 205, which means anyone coming north or south on either highway will drive by the site. He also says comperable land sales were at $17/sf, and this is below that at $15.46/sf.

"But it's stil expensive, so it's going to require a buyer whose business is going to thrive from that type of highway exposure," says Maxwell, who has a Web site about the property (www.jimmaxwell.com) that includes the text of an August 2000 appraisal of the site. "We've had lots of interest. There are lots of people gathering info."

Maxwell says he began marketing the property shortly before the presidential election. The appraiser estimated a marketing time of two years, says Maxwell, who thinks it would make a great location for a high-end auto dealership. "I thought it would be great for a Harley Davidson dealership," says Maxwell. "But they recently built another building, so timing wasn't right there."

The property once was part of a 100-acre dairy farm owned by William J. Wineberg, a multimillionaire who lived his whole life in Vancouver and owned investment property up and down the West Coast. From 1961 to 1970, Wineberg also owned and operated Portland Meadows horse race track in Portland.

The property for sale is located just south of the Clark County fairgrounds. Wineberg, who died at age 74 in 1975, donated 23 acres on which the county fair was started.

Instant Insights /

No Takers So Far for Wineberg Dairy Remains

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